Alameda Research
FTX Sold About $1B of Grayscale Spot Bitcoin ETF Shares: Report
FTX, the now-defunct crypto exchange, has reportedly offloaded nearly $1 billion of shares in Grayscale’s Bitcoin Trust (GBTC). According to CoinDesk, which cited “private data” and anonymous sources, FTX aimed to liquidate its holdings to aid in reimbursing its creditors, having disposed of all 22 million shares it held in the GBTC fund. The report […]
FTX Seeks Court Approval To Sell $744M Worth Of Bitwise, Grayscal Assets
Bankrupt crypto exchange FTX and its debtors have requested the US bankruptcy court of Delaware to approve the sale of some trust assets, including funds from Bitwise and Grayscale, with an estimated value of $744 million. The proposed sale would be facilitated through an investment adviser, per a court document submitted on November 3. These […]
Crypto Titans FTX and Genesis Forge $175 Million Settlement Accord
A New York bankruptcy judge has approved an unprecedented settlement agreement between cryptocurrency powerhouses FTX and Genesis Global Trading. This monumental decision now paves the way for Alameda Research, an affiliate of FTX, to bask in a staggering windfall of $175 million courtesy of Genesis. The esteemed United States Bankruptcy Court for the Southern District […]